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Finland News

  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • US LNG exports make European market more competitive

    ALBANIA, 2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
  • Xi Jinping Meets with Prime Minister Juha Sipilä of Finland

    CHINA, 2017/07/02 On June 26, 2017, President Xi Jinping met at the Great Hall of the People with Prime Minister Juha Sipilä of Finland. Xi Jinping welcomed Juha Sipilä to attend the Summer Davos Forum in China, and pointed out that during my national visit to Finland this April, both nations have formally confirmed the building of a next-oriented new-type cooperative partnership. This is not only the continuation of China-Finland traditional and friendly relations, but as well a strategic and long-term plan for the next development of bilateral relations.
  • Higher earning Why a university degree is worth more in some countries than others

    AFGHANISTAN, 2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Standard & Poor's paints negative outlook for Finland

    FINLAND, 2015/09/29 Credit rating agency Standard & Poor's changed the outlook for Finland from stable to negative, but did not change the credit rating that remained at AA+. S&P said in its review published on Friday that the economic increase in Finland may remain below average despite the fact that the current government has committed itself to structural reforms. The agency believed that Finnish national deficit grows someday as well, unless economic activity recovers and the employment situation improves additional than S&P expects.
  • Tsipras has not only agreed to all the terms he before called "blackmail",

    FINLAND, 2015/08/02 German Finance Minister Schaeuble claims that he raised the possibility of a Greek exit to push for an alternative, and he did so with backing of the Merkel government. He used the threat of a violating the "irreversible clause" of the EMU Treaty as a cudgel to beat Greek Prime Minister Tsipras into submission. It appeared to work. Tsipras has not only agreed to all the terms he before called "blackmail", but he agreed to essentially implement all the before agreements since the crisis began and additional. There is a powerful argument that believes that Germany crossed an significant line. As Wolfgang Manchau wrote in the Financial Times, "They have destroyed the Eurozone as we know it and demolished the idea of a monetary union as a step towards a democratic political union...They demoted the Eurozone into a toxic fixed exchange-rate system, with a shared single currency, run in the interests of Germany, held together by the threat of absolute destitution for those who challenge the prevailing order."
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.